We’ve written about for-profit prison stocks, including GEO Group (GEO), several times. With the 2020 election fast approaching, we think it’s important to continue to highlight the political risks GEO Group faces should one of the many Democratic candidates win.
Obama Era Part Deux?
Late in the Obama presidency the administration moved to reduce, or even phase out completely, the role of for-profit companies at the Federal level. I think most people would characterize the current group of Democratic presidential front runners as either approximately similar too or to the left of Obama.